Lehman Brothers is reportedly looking to raise capital (yet again) to shore up its balance sheet. The grim news sent the stock down 8% this morning, and likely ruined Dickie Fuld and Erin Callan's day. [WSJ, AP]

Ken Thompson will have plenty of time to hit the links with Stan O'Neal and Chuck Prince. The Wachovia chief has been ousted amid the mortgage meltdown. [WSJ]

Dick Grasso's case will be heard before an appeals court today, and he may get his massive payout after all. Perseverance pays off! [NYT]